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Sydney Airport proves its worth to MAp, but outlook quickly souring Southern Cross Airport Holdings

Premium Analysis

Southern Cross Airport Holdings Ltd (SCAHC), operator of Sydney Airport Corporation Ltd (SACL), reported a 9.3% lift in EBITDA for the nine months ended 30-Sep-08, on an 8.7% increase in revenue. The 9.5% lift in EBITDA in the third quarter was enough to produce the airport's second best quarterly EBITDA margin of 82%.

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